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Reporters Reveal Some Republicans Don’t Understand What a Default Means – and Don’t Believe the Debt Ceiling Is Real

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CNN’s Jim Acosta and John Avlon compared notes on Republicans speaking on raising the debt ceiling over the weekend only to realize that the far-right members refuse to support the deal between Speaker Kevin McCarthy and President Joe Biden.

Acosta cited an interview he conducted Saturday with Rep. Tim Burchett (R-TN), who said he’s voted for shutdowns and would vote again this week.

After ranting about cutting spending, Acosta said, “Well, you can have the argument about cutting spending during the budget and appropriations process, but as you know, Congressman, the U.S. has never missed making payments on its bills before. In the last 45 years, Congress has raised the debt ceiling 65 times. So, again, I go back to the question: is it responsible — I understand what you’re saying about how much your daughter spends, but we’re not talking about $15. We’re talking about the American economy. Is it responsible to be the deciding vote to send the country into default?”

Burchett claimed that the country wasn’t going to be sent into default. He crafted a conspiracy that Treasury Secretary Janet Yellen kept changing the date the U.S. default would happen.

“Nobody is, as the young people say, nobody has provided the receipts. Nobody has called her into Washington and said, ‘Show us the math on this,'” he said.

Yellen works at the Treasury Department, which is in Washington.

Burchett also had his own math, saying that if they cut the budget spending to the 2022 levels, the country would be in a surplus. The House passed a massive defense spending package that would have required cuts from other places.

“All they’re doin’ right now is scarin’ people,” Burchett claimed. “They’re talkin’ about cutting programs that have no need other than political cronyism, we’re tellin’ our seniors — and the Democrats will, and I get it — they’re tellin’ the seniors they’re gonna be cut. Veterans are gonna be cut. And nothing can be farther (sic) from the truth. And that’s just the reality of politics.”

The reason Democrats were citing cuts to seniors and veterans goes back to the Republican Party budget bill that required cuts to seniors and veterans. That’s because returning to the 2022 budget levels means making cuts to increases already passed by Congress.

Acosta turned back to Burchett to ask if he believed the debt ceiling wasn’t real.

“I think the debt ceiling is — it’s just a creative thing to hold us into responsible — into check,” said Burchett.

Avlon cited Rep. Ralph Norman (R-SC), who claimed he refused to sign a bill that would bankrupt the economy.

“Well, hold it right there,” said Avlon. “I mean, if you let the country default on its debt, that’s functionally the same thing.”

An annoyed Avlon was frustrated the process was even something allowed to happen.

“It’s a fact, Congress has to control the pursestrings. So, frankly, someone should figure out the 14th Amendment side of this because I think this is not the way we’re supposed to play ball, the greatest nation in the world constantly every couple of years when there’s a Democratic president flirting with defaulting on our debt because it’s fiscal policy by extortion,” said Avlon. “This is a win to the extent that we came up to a bipartisan agreement, but this is not the way the greatest nation in the world should conduct its fiscal policy. It’s ridiculous. And it didn’t happen when Donald Trump was president because Democrats worked with Republicans to ensure the debt ceiling was raised three times.”

See the discussion below or at the link here.

Image: GOP Rep. Tim Burchett

 

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‘Antisemitic’: Trump Blasted for Attack on Jewish Democrats

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Donald Trump is attacking Jews who vote Democratic, barely days after the criminally-indicted ex-president threatened there would be a “bloodbath” if voters do not put him back in the Oval Office. His remarks, which include claiming Jews Democrats “hate” Israel and their own religion, were quickly labeled antisemitic.

“I actually think they hate Israel,” Trump on Monday told far right wing radio host Sebastian Gorka, who alleged the Biden administration and Democratic Senate Majority Leader Chuck Schumer “hate” Israeli Prime Minister Bibi Netanyahu.

“I think they hate Israel. And the Democrat Party hates Israel,” Trump, upping the ante, responded. Gorka is his former White House aide who served briefly in the Trump administration before reportedly being “ousted.”

“I really believe they hate Israel,” Trump also said, and accused Majority Leader Schumer, a Democrat who has represented New York for the past quarter-century, of appearing to hate Israel, for “votes.”

READ MORE: ‘Easy Mark’: Why Trump’s $464M Bond Failure Makes Him a ‘Massive National Security Risk’

“I think it’s votes more than anything else, because he was always pro-Israel. He’s very anti-Israel now,” Trump continued, before declaring: “Any Jewish person that votes for Democrats hates their religion. They hate everything about Israel and they should be ashamed of themselves because Israel will be destroyed.”

Haaretz reports, “Trump’s comments follow similar comments made during a Fox News interview, where he accused Israel of ‘being loyal to a fault’ for hoping to maintain bipartisan support within the United States.”

Trump, under tremendous fire for his “bloodbath” remarks, was immediately denounced for his comments.

“Another day, another depraved antisemitic screed from Donald Trump, who has repeatedly vilified the overwhelmingly majority of American Jews,” observed Halie Soifer, CEO of the Jewish Democratic Council of America. “He first called us ‘uninformed or disloyal’ in 2019 and essentially repeated it today. The feeling is mutual. 79% of Jewish voters have an unfavorable view of Trump according to @pewresearch.”

The Times of Israel’s Sam Sokol writes, “Trump said that ‘any Jewish person that votes for Democrats hates their religion.’ That’s a majority of US Jews. Gentiles don’t get to decide who is a good Jew. That kind of rhetoric is in itself antisemitic.”

The Biden campaign was quick to post a clip of trump’s remarks. Watch below or at this link.

READ MORE: ‘How Fascism Came to Germany’: Historian Warns Trump ‘Knew Exactly What He Was Saying’

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‘How Fascism Came to Germany’: Historian Warns Trump ‘Knew Exactly What He Was Saying’

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Award-winning presidential historian Michael Beschloss sounded the alarm after Donald Trump’s “bloodbath” threat over the weekend, warning that his remarks echo those that led to the rise and installation of fascism in pre-World War II Germany and Italy.

“That’s how fascism and totalitarianism and in Germany’s case the Holocaust came to Germany, which had been a country where there were big institutions of democracy until, as you well know, the early 1930s,” Beschloss said on MSNBC Monday to “Morning Joe” co-host Mika Brzezinski (video below). “In a way of Donald Trump has done us all a favor, because if you and I had been talking, Mika, let’s say 20 years ago, and they’ve been talking about what would have seemed like a very abstract and distant subject of how fascism and dictatorship might come to America, you probably would have been more wiser.”

“I would have said, you would have had some smiling person pretending to be a normal candidate like all the candidates for president who had gone before all the way back to 1789. And suddenly, after getting elected, that person would use the enormous powers of the presidency, that are given to that person, by their constitution,” Beschloss continued.

READ MORE: ‘Next Up – Property Seizures’: Experts Analyze ‘Unbankable’ Trump’s $464 Million Bond Crisis

“In a way Donald Trump has made it easier because when he tells you he’ll be a dictator for a day, we all know that dictators don’t resign after a day. When he uses the word bloodbath. Yes, it was in the context of an automobile industry speech, but he knew exactly what he was saying, When he talks about suspending the Constitution, or migrants as animals, this is him. He’s telling you what this choice is,” He continued, adding there is no “precedent for this.”

“I hate it when people treat this race as if it’s just one more presidential campaign. And there was lots of jokes, you know, both sides, you know, flaws and both candidates. Yes, these are two old candidates. One of those that is mentally stable, Joe Biden, whom I saw give a great speech at the Gridiron Dinner on Saturday night. Donald Trump, if you look at one of his speeches of these rallies, this is not someone who seems to have all his marbles.”

Beschloss says, “it’s important to know as we talk about this campaign, as it unfolds, we have never seen anything remotely like this in American history: a major party candidate is saying, you elect me, there’s going to be dictatorship, bloodbath, violence, retribution against my political enemies, that equals what we saw in Italy, in Germany and other places. If Americans do not get that if they choose that voluntarily, then this country has changed in a way that I do not understand.”

Watch below or at this link.

READ MORE: ‘Bloodbath’: Psaki Slams Trump Over ‘Embrace of Political Violence’

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‘Next Up – Property Seizures’: Experts Analyze ‘Unbankable’ Trump’s $464 Million Bond Crisis

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Donald Trump’s attorneys in court documents say the ex-president has been unable to secure a bond for the full $464 million judgment against him in New York Attorney General Letitia James’ civil business fraud case against the ex-president, reportedly a billionaire who last year said he has $400 million in cash.

“In an April 2023 deposition for the fraud case, Trump said, ‘We have a lot of cash. I believe we have substantially in excess of $400 million in cash, which is a lot for a developer. Developers usually don’t have cash. They have assets, not cash. We have, I believe, $400-plus and going up very substantially every month,'” The Atlantic reported earlier this month.

But Trump’s attorneys now say securing a bond in the full amount is a “practical impossibility,” as Just Security’s Adam Klasfeld reports:

Trump’s attorneys tell the court they have spent “countless hours negotiating with one of the largest insurance companies in the world,” NBC News reports, and, “obtaining an appeal bond in the full amount” …. ‘is not possible under the circumstances presented.” They also note they approached 30 “surety” companies through four brokers and were unsuccessful.

READ MORE: ‘Bloodbath’: Psaki Slams Trump Over ‘Embrace of Political Violence’

Attorney General Letitia James says if Trump does not meet the March 25 deadline, she will begin the process of seizing his assets.

“We are prepared to make sure that the judgment is paid to New Yorkers, and, yes, I look at 40 Wall St. each and every day,” James said, MSNBC reported last month.

Meanwhile, legal experts say if Trump cannot secure a bond, and the appeals court does not grant him a stay, he may lose real estate assets.

“The financial demise of Donald Trump,” declared former longtime federal prosecutor Glenn Kirschner, pointing to the NBC News report. “He has no one to blame but himself. Next up – property seizures.”

MSNBC legal contributor Andrew Weissmann, a former FBI General Counsel, served up a blunt assessment: “I thought he was a billionaire? So is he lying to the public or the Court?”

Katie Phang, MSNBC host and legal contributor, offers additional insight: “Seems also like no one wants to lend Trump the money so he can then get the bond. He isn’t borrowing against his real properties to raise the money likely b/c they’re already leveraged. Trump is unbankable. Period.”

Former federal prosecutor Renato Mariotti adds, “I’ve represented and prosecuted large real estate developers, and it’s not uncommon for them to be highly illiquid. That said, Trump had to know that this judgment was coming, and his inability to obtain a bond suggests he is much less wealthy than he portrays himself to be.”

READ MORE: FBI Agent Furious Over MAL Search Thought Trump Would Return Classified Docs if Just Asked

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